Phillips has a big Richter photo painting for the November sales, it came out today. Katya Kazakina says it is being sold by Microsoft founder Paul Allen:
Painted in 1963, “Dusenjager” depicts a gray jet traveling through a pink sky at what looks like a piercing speed. Estimated by Phillips at $25 million to $35 million, the work is part of a group of Richter’s eight early photo-based paintings that depict World War II-era aircraft, some with bombs in free-fall.
“Dusenjager” has the highest estimate among at least 18 of the artist’s works that are slated for sale during bellwether semiannual auctions in New York. The estimate for the combined group — which consists mostly of abstract paintings — is $114.3 million to $165.2 million. Sotheby’s accounts for 10 Richter works, all from the collection of Steven and Ann Ames, with two estimated at $20 million to $30 million. Christie’s has four works including one consigned by musician Eric Clapton, estimated at about $20 million. Phillips has a client who placed an irrevocable bid, guaranteeing that the 6.6-foot-wide artwork sells at auction,
the company said.
“This is a defining early Richter,” said Jean-Paul Engelen, worldwide co-head of 20th century and contemporary art at Phillips. “The painting has this extreme power that’s seductive but on the other hand is also threatening.”